Sold

2/2 Palmerston Street,
Hamilton, Hamilton City

4 bedrooms
4 bathrooms
1 car space
119m² building size
Townhouse

NZD 745,000


Property details

7% GROSS YIELD - INCOME OF $1,060 PW

FULLY TENANTED - AN INCREDIBLE RENTAL INCOME OF $1,060 PW !
VIEW BY APPOINTMENT A rare opportunity for an astute investor. This is an ideal investment with four furnished studio rooms in a low maintenance Apartment returning an incredible rental income of $1,060 PW. The Apartment has a shared living area, kitchen and laundry.

This investment property is situation in a prime location only a few minutes' walk from Waikato Hospital and the Hamilton Central Business District. The location is excellent and has a high occupancy rate.

The positives are:
• All studios are fully tenanted & furnished
• An incredible rental income of $1,060 PW
• Built in 2015 of low maintenance materials
• Quality construction throughout
• Healthy Homes Compliant
• A extensive list of chattels included in the sale
• Body Corp Levy - $2,029.83 PA
• Building Insurance - $2,036.04 PA

Each studio has its own ensuite plus kitchenette and comes complete with double bed, two-seater couch, TV, bar fridge, microwave, wall mounted heater, etc. The downstairs features a shared lounge, dining area and fully equipped kitchen. There is a laundry equipped with washing machine and dryer. Outside there is a private courtyard for the tenants use.

This property is offered for sale complete with furniture and chattels. You will need to make a time to look through it.
Please call the listing salesperson Kevin Benge now on 0210666972 for further details to avoid disappointment.

PLEASE NOTE - Images have been virtually staged for marketing purposes

PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Waikato Council (LIM) or Title documents. They have not been measured by the Salesperson or Online Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.

Explore the area


School catchments

  • Hamilton West School Full primary Years 1-8 State 0.48km
  • Marian Catholic School (Hamilton) Full primary Years 1-8 State integrated 0.93km
  • Hamilton East School Primary Years 1-6 State 0.96km
  • Peachgrove Intermediate Intermediate Years 7-8 State 1.6km
  • St Pius X Catholic School (Melville) Full primary Years 1-8 State integrated 2.0km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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